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5 Tips For New Entrepreneurs Needing Investor Funding

Startup Professionals Musings

As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. In a two-minute video clip, you can introduce yourself, show your passion and the engaging personality you need to win over customers, partners, and employees.

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5 Keys To The Startup Mindset Required For Breakthrus

Startup Professionals Musings

What I don’t see often are new solutions that force me to rethink how we work together, or really use AI to make the collaboration process more productive. But we all know that these are not solutions by themselves, but require integration into an innovative framework to solve real customer problems. Be forever curious and optimistic.

Startup 134
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6 Keys To Make Sure Your Product Fits Today's World

Startup Professionals Musings

Develop written business plans as detailed as product plans. Good technologists produce written product specifications, to help them personally be confident that all the technical requirements are covered. Yet their business plans rarely get more than a page or two written.

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6 Steps To Move From Inspiration To Business Reality

Startup Professionals Musings

There are lots of resources available for the challenge of that activity, including the Internet and mentors like me. In my experience, the key steps I look for always include the following: Testing the idea against customers who have money to spend. Prepare your marketing story for customers and investors.

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Small Business Success Doesn’t Come Without Travel

Startup Professionals Musings

Yet if your service is consulting, for example, real travel is required to deliver the product. I’m talking about volunteering to be on industry panels for visibility, participating in startup weekends for education, and talking to groups of distributors or potential customers on technology trends. Brand building requires travel time.

Startup 100
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Apply Hospitality-Driven Thinking to Your New Venture

Startup Professionals Musings

Tech may be the tool, but hospitality – making life a little easier, more comfortable, and more enjoyable for your customer, is the winning focus. Unfortunately, too many of the technical entrepreneurs I mentor and advise are focused on their technology, and assume that the value will be self-evident to customers.

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11 Quick Tips to Get More Value out of Your Board

Both Sides of the Table

I can’t change who your board members are so let me offer some thoughts on how to make your interactions with your board more productive. Sometimes poorly run boards are a function of the executive team not knowing how to get the most out their boards (and also their investors). Your goal should be to have discussions with your board.

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